Business

Look to heavy investment into technology to reverse slow 2016 growth Centenary Bank and Barclays Bank of Uganda Ltd registered slower growth in profits for the year ending December 2016 but the managers say that is no problem and instead remain positive about the future. Centenary’s profits grew by 8.2% …

Uganda’s outgoing ambassador to China Charles Wagidoso has said a lot had been achieved in strengthening the relationship between the two countries, including the exchange of high level visits. He said their has also been increased cooperation in the areas of investment promotion, infrastructure development, industrialization and human capacity development between Uganda …

Consumers want the cheap prices but local traders want the profits Hostility towards Chinese petty traders appears to be growing in Uganda but so is the dependence on Chinese imports. On April 19, the hostility erupted once again as hundreds of traders in the capital city, Kampala, staged a closed-shop …

The Employment Act, Labour Unions Act, Labour Dispute Arbitration and Settlement) Act and Occupational Safety and Health Act are some of the laws impeding the work of the Industrial Court, according to the Acting Registrar of the court, Sylvia Nabaggala. Appearing before parliament, Nabaggala listed a plethora of complaints that …

President Yoweri Museveni sought to deflect the blame and criticism aimed at him over a cash bonus given out to government officials who played a part in Uganda’s victory in international arbitration against oil companies. In a closed door session at State House Entebbe with parliamentary probe committee on the …

MPs from Buganda region have asked Buganda Kingdom to revisit a directive to Buganda Land Board (BLB) for the issuance of land titles to all subjects of Kabaka Mutebi occupying his land with a lease period of 49 years. The MPS suggested a 99 year lease period which is long …

Members of Parliament (MPs) have threatened to block the budget for the tourism industry unless all four bodies involved in the tourism sector have functional boards. In the proposed budget for next financial year, tourism has been allotted Shs89billion but the ministry is requesting for an additional Shs65bn to market …

China’s homemade passenger jet aces first flight Shanghai, China | AFP |  The first large made-in-China passenger plane successfully completed its maiden test flight Friday, marking a key milestone on the country’s ambitious journey to compete with the world’s leading aircraft makers. The narrow-body C919 jet — white with green …

Johannesburg, South Africa | AFP |  A South African High Court Thursday ordered President Jacob Zuma to reveal the documents he used to justify the controversial sacking of a widely respected finance minister, sparking economic turmoil. The main opposition Democratic Alliance (DA) went to court to force Zuma to explain …

 DURBAN, South Africa| PPU| Thursday | President Yoweri Museveni has asked German companies to invest in Uganda, saying the country offers a perfect investment environment. Museveni, who is attending the World Economic Forum in Durban, South Africa, made the call as he witnessed the signing of Memoranda of Understanding between …